Memecoin search interest and market performance steals spotlight from Bitcoin

Crypto is currently languishing like the internet did in 1996 with slow speeds and few practical use cases, says Steve Newcomb, chief product officer of Matter Labs. But a major increase in bandwidth and security soon after saw the internet become a crucial part of daily life across the globe — and we’re right on…

As of June 1, Ether (ETH) has dipped by more than 40% after establishing a record high of $4,384 in May.The major move downhill in the world's second-largest cryptocurrency by market cap has prompted many analysts to predict additional declines. For instance, Clem Chambers, chief executive of financial analytics portal ADFVN.com, sees the recent ETH/USD…

Altcoin trading platform Coinexchange.io has announced that it is shutting down due to financial difficulties.In an official announcement on Oct. 1,  the platform noted that the closure was purely a business decision and is not connected to any security breach or other incident.No longer economically viableCoinexchange.io is currently seeing daily traded volumes of roughly $700,000,…

Bitfinex traders are betting on some upside following Wednesday's Federal Reserve comments on inflation and asset purchases. 1977 Total views 11 Total shares Bitcoin (BTC) could see its last day of downside as buyers line up to cash in on Wednesday’s Federal Reserve meeting.On Dec. 14, bids began increasing on major exchange Bitfinex in a…

Statista has found that one-in-three Nigerians held or used crypto assets during 2020. 4757 Total views 18 Total shares Data published by statistics firm Statista has revealed Nigeria is the leading country per capita for Bitcoin and cryptocurrency adoption, with nearly one in three survey respondents indicating they used or owned crypto assets in 2020.According…

Nikhil Wahi and his brother Ishan were arrested and charged in July, while their associate Sameer Ramani remained at large at the time of publication. 431 Total views 30 Total shares Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has…

Creator of Litecoin, Charlie Lee, discussed the upcoming MimbleWimble upgrade which aims at enhancing Litecoin’s privacy and scalability. 370 Total views 26 Total shares The creator of Litecoin, Charlie Lee, discussed the upcoming MimbleWimble upgrade which aims at enhancing Litecoin’s scalability and privacy.Lee noted that Litecoin’s upcoming implementation will be able to scale much better…

The fundamental traits of blockchain technology, including decentralization, immutability, transparency and automation, have proven to be capable of several use cases for different businesses. However, due to the costs of creating and maintaining blockchain-powered applications, it can be difficult and expensive for enterprises to fully utilize its benefits.With the adoption of distributed ledgers, many projects…

Each futures contract is sized at one-50th of 1 BTC.